In January-October of this year, the volume of insurance collections in Azerbaijan amounted to 797,624 million manats.

"APA-Economics" reports that this is 13% more than the same period of 2021.

During this period, the volume of payments made by insurance companies decreased by 10.4% and amounted to 359,296 million manats.

In other words, the loss of the insurance market decreased by 20.7%.

Thus, 45 manats of every 100 manats of insurance premiums collected during the reporting period were directed to payment, while in the same period of last year this figure was 56.8 manats.